Quantum Motion is a London-based startup that has raised $50.5 million in a funding round led by Octopus Ventures, with participation from other investors including British Patient Capital, Inkef, Bosch Ventures, Porsche Automobil Holding SE, ip-label group, and Parkwalk Advisors.

The business is creating a ground-breaking technology platform based on the widely used silicon technology already present in computers and smartphones, which is not just a single qubit but a scalable array of qubits. The quantum engineers at Quantum Motion are creating silicon-compatible quantum computing architectures that could combine the simplicity of silicon with the power of quantum computing.

Quantum computing has the potential to change industries including artificial intelligence, drug discovery, and cryptography.

The technology is still in its infancy, and it confronts a number of difficulties, such as the requirement for extremely specialised hardware and software. By utilising silicon-based qubits, which are simpler to combine with current hardware and software, Quantum Motion's method could be able to get around some of these difficulties.

The money will be used to grow Quantum Motion's personnel and advance its technology. The business is in a good position to benefit from the rising interest in quantum computing, which is predicted to develop to be a multibillion dollar sector in the ensuing years.

Visit the following rounding page to find out more: https://founderlodge.com/round/Quantum-Motion-raises-50500000-Unknown-2023-02-22-James-Palles-Dimmock-OTczOQ